Multiple choice

Find the ratio of cost price and selling price of the product? Statement I – There is 10% profit if the Product sells at 324. Statement II – There is 25% loss if the product sells at 240.

  1. Only Statement I alone.

  2. Only Statement II alone.

  3. Both Statements I and II together.

  4. Neither Statement I nor II is sufficient.

  5. Either Statement I or II.
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Statement I: 324 = 1.1 × CP gives CP = 294.55, ratio = 324:294.55. Statement II: 240 = 0.75 × CP gives CP = 320, ratio = 240:320. Either statement alone gives CP and SP to find ratio.

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